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Foreign investment by an indian individual

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27 October 2015 can a person resident in India make investment in a company incorporate outside India as promoter contribution as per fema?please specify if any other law or rule is applicable.
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04 November 2015 Yes. you can. but ensure that the overseas investment is not more than 400% of networth or USD 1 Billion whichever is less. If investment either breaches 1 Billion USD or 400% of networth as per latest balance sheet, RBI approval is required

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